Accounting for Community Benefit

• Resource to value meeting space in-kind donation — Use this excel spreadsheet to value the cost of in-kind meeting space donations. Prepared by Verite Healthcare Consulting.
• Accounting Worksheets (Please note that this Excel spreadsheet has several worksheets. Maximize the document to see all the worksheet tabs.) (G)
• IRS Form 990, Schedule H and Instructions (G)
• Establishing the Value of Tax Exempt Status
• Restricted Donation Sample Letter (Lyon Software)
• Supplementary Information — Includes information on developing indirect cost rates and how related organizations should report community benefit. (G)

Additional resources on accounting for community benefit

• What Counts as Community Benefit
• What Counts Q&A , H. Accounting Questions and I. General Questions
• Community Benefit Categories reference guide

Community Benefit Reporting Resources

This new set of resources was developed to help tax-exempt hospitals more accurately  report their community benefit expenses. The resources are designed for finance/tax staff who support community benefit accounting and reporting functions in their organizations. They can also help community benefit professionals better understand how they can support their finance/tax colleagues do this work. The set of resources includes:

• Community Benefit and Finance/Tax Staff: Establishing an Infrastructure for Accurate Reporting — This resource sets out  the importance of establishing an effective community benefit reporting infrastructure and describes 13 infrastructure elements including dedicated staff, written policies and procedures and staff training.
  Download the PDF (2020)
  Download the PPT
  
  
• Community Benefit Reporting: Accounting Primer — A review of relevant accounting principles and summary of accounting methods for reportable community benefit categories. It identifies common under-reporting and over-reporting issues.
  Download the PDF (2020)
  Download the PPT
  
  
• Community Benefit Reporting: Health Professions — This resource discusses common reporting issues including how to assure all reportable health professions education programs are identified, understanding what is and is not reportable, and when precepting nursing and other allied health students is reportable as a community benefit expense.
  Download the PDF (2020)
  Download the PPT
  
  
• Community Benefit Reporting: Research — This document discusses common research reporting issues including accounting for research provided by the hospital versus other entities, research that is fully funded, types of studies that are counted and not counted as community benefit, and research that is partially funded by for-profit sources.
  Download the PDF (2020)
  Download the PPT
  
  
• Community Benefit Reporting: Subsidized Services — This category is frequently under reported because the services can be hard to identify. The new resource provides steps to identify and report clinical product lines that are subsidized by the hospital because they are needed by communities.
  Download the PDF
  Download the PPT